Stock of the Day: CLEARWIRE CORPORATION (NASDAQ: CLWR) Print
Stock of the Day - Daily Article
Written by MsEconometrica   
Saturday, 13 August 2011 08:00

Clearwire Corporation (NASDAQ:CLWR) is a source of wireless Internet service provider (WISP) in the United States, Belgium and Spain. Clearwire also provides high-speed mobile Internet and residential Access services through its next generation mobile-broadband Networks. Clearwire, headquarted in Kirkland-Washington, founded in 2003 by Cellular phone Pioneer Craig McCaw. Clearwire is the leading provider of fourth generation (4G) wireless broadband that offered more than 70 markets across the United States. Clearwire markets (4G) service through its only brand called “CLEAR®”. The company serves almost 4.5 million customers and expects to end 2011 with almost 10 million customers. It seems possible because; Clearwire has an incredible network expansion which is one of the fastest in the wireless industry. Intel Capital, Comcast, Sprint, Google, Best Buy, Bright House Networks and Time Warner Cable are the strategic investors of Clearwire.

Clearwire has a market cap of $1.75 billion. Revenues for the second quarter of 2011 are up 151% to $322.6 million compared with the same period of prior year. Analysts expect CLWR to have a 28.9% EPS growth during this year. Sprint Nextel Corporation has committed to paying Clearwire $1 billion to use its high speed network. As a result of this new and probability, Clearwire rose 20% to $1.91, the company’s biggest gain on the Nasdaq stock market since 2008.


Last Updated on Saturday, 13 August 2011 11:51